Board Resolutions: Stock Repurchase Plan Approval

Summary

This board resolutions template can be used by a company seeking to repurchase outstanding company securities pursuant to a stock repurchase plan. This template includes practical guidance and drafting notes. This template assumes the company is a public company incorporated in Delaware and provides an optional officer’s certificate as an exhibit. These resolutions may be inserted into the minutes of a meeting of the board of directors, or included in a unanimous written consent, if no meeting is held. For more information on share repurchases for public companies and director approvals, see Share Repurchase Programs and Dividends, Redemptions, and Stock Repurchases.